Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below are two stocks that have had recent insider buying activity.
Kirkland Lake Gold Ltd. (KL-T)
On March 29, Jeffrey Parr, who sits on the board of directors, invested approximately $147,000 in shares of the company. He purchased 3,550 shares at a cost per share of $41.424, increasing his portfolio’s position to 14,050 shares.
TransAlta Corp. (TA-T)
On March 28, president and chief executive officer Dawn Farrell invested over $500,000 in shares of TransAlta. She acquired 50,000 shares at an average cost per share of approximately $10.05 for an account in which she has control or direction over, increasing this account’s holdings to 146,214 shares.
Year-to-date, the share price of this dividend stock, currently yielding 1.6 per cent, has soared a staggering 77 per cent.
Listed below are two securities that have had recent selling activity reported by insiders.
Enerflex Ltd. (EFX-T)
On March 29, president and chief executive officer Blair Goertzen exercised his options at a price per share of $11.83 and sold the corresponding number of shares received (33,898) at a price per share of $19.50 with 37,311 shares remaining in this account. Proceeds from the sale totaled over $660,000.
Mr. Goertzen will be retiring on May 3, 2019. Chief operating officer Marc Rossiter will be appointed president and CEO upon his retirement.
Evertz Technologies Ltd. (ET-T)
On March 28 and March 29, chief technology officer Rakesh Patel sold a total of 100,000 shares at an average price per share of approximately $17.07, leaving 209,700 shares in this account. Proceeds from the sales exceeded $1.7-million.